So we have been warned of rising food prices including beef, here is my take, am I wrong on this?
Beef is no longer sold by the side as it used too, it is sold as individual cuts, loin for NY strip, tenderloin for filet, and a myriad of cryrovac wrapped parts to cut up for roasts etc. and the rough cut beef they make hamburger out of.
The price of filet is based on the world market price, demand in China, India, Japan makes the price rise and fall. The price of hamburger is based on the the value of rough cut beef that is not as exported as widely, in fact I have heard it said that exports of filet subsides cheap hamburger in the US.
I think steak will hold steady while cheaper cuts are what will rise, particularly hamburger just because that export demand is falling.
Beef is no longer sold by the side as it used too, it is sold as individual cuts, loin for NY strip, tenderloin for filet, and a myriad of cryrovac wrapped parts to cut up for roasts etc. and the rough cut beef they make hamburger out of.
The price of filet is based on the world market price, demand in China, India, Japan makes the price rise and fall. The price of hamburger is based on the the value of rough cut beef that is not as exported as widely, in fact I have heard it said that exports of filet subsides cheap hamburger in the US.
I think steak will hold steady while cheaper cuts are what will rise, particularly hamburger just because that export demand is falling.